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About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

SOOLIKE

South Africa South Africa | 2-5 years |
ECN Account Regulated in South Africa | Derivatives Trading License (EP) | Suspicious Operational Region | High Potential Risk

https://soolike.com/en

Website

Rating Index

Contact

+27 10143 1654
https://soolike.com/en
Atrium on 5th, 9th Floor, 5th Street, Sandton, Johannes burg, 2196, South Africa
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

license Forex License 1

Company Profile 5
2-5 years
Regulated in South Africa
Derivatives Trading License (EP)
Suspicious Operational Region
High Potential Risk
Warning: Low score, please stay away!
  • WikiFX has recorded a total of 90 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.
3

Basic Information

Registered Region
South Africa
Operating Period
2-5 years
Company Name
SOOLIKE CAPITAL MARKETS
Abbreviation
SOOLIKE
Employees
--
Email
support@soolike.com
Contact Number
+27101431654
Company Website
Address
Atrium on 5th, 9th Floor, 5th Street, Sandton, Johannes burg, 2196, South Africa
^_^71648

^_^71648

Unverified

Hong Kong

#soolike is a black platform, if you haven't been deceived yet, quickly try to withdraw funds. The backend can delete trading records, and now the official website does not allow login, the account passwords have been changed.

Exposure

FX2611891144

FX2611891144

Unverified

Hong Kong

Soolike platform agent (Xu Heng) (Xiao Huang) induced me to open an account on this platform by offering promotional bonuses and deposit incentives around the end of 2024. Throughout 2025, I repeatedly requested withdrawals, only to be denied under various pretexts. Finally, on December 6, 2025, they deleted my backend account and removed all contact information.

Exposure

^_^71648

^_^71648

Unverified

Hong Kong

Do not use this platform. They can delete transaction records behind the scenes to trigger margin calls, and then freeze your account so you can't log in.

Exposure

FX1421716266

FX1421716266

Unverified

Hong Kong

SOOLIKE terminated the partnership in November and replied via email: "Your refund request for account 3****2 has been approved. The refund amount is USD 2,981. Your refund is expected to arrive within approximately 15 business days. Please monitor the changes in your account funds." It has now been over 20 business days, but the refund has still not been received. Emails sent to the platform inquiring about the refund have also gone unanswered. We urge the platform to arrange the refund as soon as possible.

Exposure

FX2579938934

FX2579938934

Unverified

Hong Kong

There's still money in there. They just deleted the account outright. How do I contact their customer service to withdraw funds?

Exposure

FX2729572479

FX2729572479

Unverified

Hong Kong

The withdrawal was requested the day before, and the next day a fake order was opened directly to liquidate your position. I have been monitoring the account throughout the process. The withdrawal has not been credited to the account up to now.

Exposure

FX2729572479

FX2729572479

Unverified

Hong Kong

Absolutely terrible. Customer service never responds. Withdrawals through brokers are constantly delayed. My account has been frozen for trading. I submitted a withdrawal request, but it remains unprocessed. Then, on the third day, they automatically added fake orders, causing my account to blow up. Stay away from this scam platform.

Exposure

FX2729572479

FX2729572479

Unverified

Hong Kong

Watched the entire process, automatically generated several high-loss orders for me, clearing the account to zero.

Exposure

海豚95917

海豚95917

Unverified

Hong Kong

Recently, on social video platforms like Bilibili and Douyin, some are attracting customers by promoting quantitative trading with stable profits, claiming high win rates, small stop-loss risks, and automated trading via neural network quantitative programs. They then ask clients to deposit amounts ranging from $2,000 to tens of thousands of dollars, only to blow up their accounts within a week. Withdrawal requests are often delayed with various excuses. Everyone, be cautious and avoid falling for these scams.

Exposure

^_^71648

^_^71648

Unverified

Hong Kong

I got scammed, so why did my account get liquidated?

Exposure

LEON8720

LEON8720

Unverified

Hong Kong

The platform's recommended strategy placed random orders without any apparent issues, leading to a margin call. When I contacted customer service, they ignored me.

Exposure

弘烨

弘烨

Unverified

Hong Kong

The sudden increase in trading volume was due to EA distortion, requiring the platform to compensate for losses.

Exposure

FX9126528320

FX9126528320

Unverified

Hong Kong

Inducing account openings Delaying withdrawals with various excuses Accounts suddenly placing large-volume trades at abnormal price points Evidently designed to deliberately blow up accounts

Exposure

三易

三易

Unverified

Hong Kong

I registered on the Soolike platform on June 24th after being strongly recommended by an agent. I deposited a total of $3,500 in three separate installments, withdrew $1,766 twice during that period, and currently have $1,743 in principal remaining on the platform. On November 6th, after manually placing trades and reaching a profit of $3,100, I requested a withdrawal of $3,000. The platform rejected my request and sent an email accusing me of wash trading, but provided no evidence whatsoever. On November 8th, when my account balance reached $4,017 in profits, the platform abruptly and permanently deleted my trading account without prior notice. My principal and all trading records were erased. When I emailed the platform again in early November to negotiate, Soolike stated I must withdraw my complaint and sign a non-complaint guarantee before they would return my principal. This is clearly coercion. I have consistently communicated with the platform through proper channels and repeatedly contacted their agents, but no one has responded, and there has been no follow-up. (I possess all deposit/withdrawal records and email evidence!) I strongly demand that Soolike return my principal of $1,743 and cease threatening users.

Exposure

FX4043911094

FX4043911094

Unverified

Hong Kong

Unable to log in to MT5 trading account with gateway account; authorization failed.

Exposure

Jason5678

Jason5678

Unverified

Hong Kong

On the evening of October 2nd, the EA initially entered only four 0.03-lot positions around the levels of 3896, 3883, 3870, and 3857, with a small 0.13-lot position scheduled to be added at 13:00. However, the EA on their platform kept doubling down on positions. By the time it blew up and exited, all the data showed it desperately piling into 1.3 lots at a single position at 3881. The exit data was later altered to show a full liquidation at 42. After manually closing positions, the EA automatically resumed trading, even disconnecting my account. This resulted in a direct liquidation loss of 5300 (with an initial capital of 3000). It's clear the EA acted intentionally. I took screenshots at the time. Post-incident, they claimed it was normal distortion from position doubling and even deleted my account backend. I demand a refund of my principal.

Exposure

FX9311375220

FX9311375220

Unverified

Hong Kong

Scam platform. Refused to pay out profits and directly closed my account. Now I can't even log in. Scam platform. Return my principal.

Exposure

FX2527632146

FX2527632146

Unverified

Japan

When it came to withdrawing, they used all sorts of excuses to restrict or delay payments. I currently have $6,000 in my account. When I submitted a withdrawal request, they claimed it was suspected of money laundering and said it would take 60 days to process the return. They are stalling the withdrawal. I have no choice but to expose this. I urge anyone considering joining to think carefully! I still have a balance of $6,020. I only demand the immediate return of my principal $6,000.

Exposure

caicainiao

caicainiao

Unverified

Hong Kong

They came up with a random "error" as their excuse, despite my account and name being verified correctly. It's clear this platform is dishonest and should be avoided.

Exposure

caicainiao

caicainiao

Unverified

Hong Kong

Refusing to withdraw funds under various pretexts, it seems to be a scam platform.

Exposure

caicainiao

caicainiao

Unverified

Hong Kong

The online customer service is ignoring me. When I brought this to the sales representative, they assured that there's definitely no problem with the funds and tried to appease me with such words. They also encouraged me to deposit again saying there are gifts, and that I can withdraw after receiving the gifts, which I firmly refused. If I deposit again, the losses would be even greater. I advice those who want to trade on foreign platforms to use larger and regulated ones, not such blacklisted platforms that won't let you withdraw.

Exposure

caicainiao

caicainiao

Unverified

Hong Kong

The black platform promised withdrawal on the 9th, but today is the 28th, and they just made up some excuse to brush it off.

Exposure

箭头8611

箭头8611

Unverified

Hong Kong

Salesperson lured clients to deposit claiming the use of their EA for trading. Then the platform arbitrarily changed the trading password in the backend, leading to friends' accounts getting blown up by martingale trading. Although my account suffered a loss, the platform didn't allow withdrawal, claiming rule violation in trading. If we used the same EA for trading, why can the salesperson withdraw freely but it's rule-violating trading for the customers?

Exposure

106
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Official Website

Verified Site

  • soolike.com
    77.37.44.56
    Server Location
    Germany Germany
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
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SOOLIKE

Related Companies

Soolike Capital Markets Pty Ltd
South Africa
Soolike Capital Markets Pty Ltd
Active
South Africa
Registration No.
20241281386
Est. Date
Soolike Capital Markets Pty Ltd(Colorado (United States))
United States
Soolike Capital Markets Pty Ltd(Colorado (United States))
Active
United States
Registration No.
20241281386
Est. Date
Employees

Company Profile

Company Profile

Review summary

SOOLIKEReview Summary
Founded2010
Registered Country/RegionRegulated
RegulationSouth Africa
Market InstrumentsForexPrecious metalsCommoditiesEnergiesIndicesStocks CFDCryptocurrency
Demo Account
LeverageUp to 1:500
SpreadFrom 0.0 pip
Trading PlatformMT5
Min Deposit$100
Customer SupportPhone: +27 10143 1654
Email: support@soolike.com
Online Chat: 24/7
Physical Address: Atrium on 5th, 9th Floor, 5th Street, Sandton, Johannes burg, 2196, South Africa
Social Media: Twitter, Facebook, Instagram, Linkedin

SOOLIKE Information

SOOLIKE is a South African-registered brokerage established in 2010 and regulated by the FSCA. It enables traders to trade various products, including forex currency pairs, commodities, futures, indices and stocks via the MetaTrader 5 trading platform. There are also 4 types of accounts that support spreads starting from 0.0pip.

SOOLIKE Information

Pros and Cons

Pros Cons
Well regulated
275+ instruments
The spread starts at 0.0 pip
Support MT5

Is SOOLIKE Legit?

Regulated RegionRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
Regulated Region
FSCASOOLIKE CAPITAL MARKETS (PTY) LTDFinancial Service53244Regulated
Regulated Authority

What Can I Trade on SOOLIKE?

SOOLIKE says it supports 275+ instruments, including trading forex pairs, such as GBPUSD, EURUSD, USDJPY, etc. It also has Stock CFDs; Ftse 100, Germany 40, Wall Street and other indexes; Precious metals are gold, silver and so on; Trading commodities, including metals, energy and agricultural markets; It is also possible to trade more than a dozen cryptocurrencies, including Bitcoin, Ether and Litecoin.

Tradable Instruments Supported
Forex
Precious metals
Commodities
Energies
Indices
Stocks CFD
Cryptocurrency
Bonds
ETF
What Can I Trade on SOOLIKE?

Account Types

SOOLIKE has four types of accounts: Standard Account, Premium Account, Micro Account and ECN Account.

They have a uniform leverage of 1:500, with minimum deposits from $100 to $10,000.

Account Types

SOOLIKE Fees

The spread of the 4 accounts ranges from 0pip to 1.8pip with no commission. In addition, all four types of accounts charge swap fees.

Trading Platform

SOOLIKE enables traders to use MT5 on desktop, mobile and web.

Trading PlatformSupported Available Devices Suitable for
MT5Desktop, Mobile, WebSkilled traders
MT4
Trading Platform

Deposit and Withdrawal

SOOLIKE supports payment methods such as VISA, BANK TRANSFER, Bitcoin, Perfect Money, wire transfer and mastercard.

Deposit and Withdrawal
Deposit and Withdrawal

Company Profile

  • 2-5 years
  • Regulated in South Africa
  • Derivatives Trading License (EP)
  • Suspicious Operational Region
  • High Potential Risk

News

SOOLIKE Review 2025: Is This Forex Broker Safe?

Exposure SOOLIKE Review 2025: Is This Forex Broker Safe?

SOOLIKE is a South African forex broker established in 2023 and regulated by the FSCA. Despite its official licensing, the broker holds an exceptionally low WikiFX score of 1.34 out of 10, dragged down by an alarming surge of over 90 user complaints in just three months. This review breaks down its trading conditions, MetaTrader 5 offering, and the severe withdrawal and operational issues reported by real users.

SOOLIKE Review 2026: Is this Forex Broker Legit or a Scam?

Exposure SOOLIKE Review 2026: Is this Forex Broker Legit or a Scam?

SOOLIKE holds a South African FSCA license but has a dangerously low WikiFX score of 1.33 due to over 90 verified complaints about withdrawal refusals and profit deletions. Founded in 2023, this broker presents a severe risk to client funds despite its use of the MT5 platform.

SOOLIKE Review: Withdrawal Blackmail and Login Blocks Exposed

Exposure SOOLIKE Review: Withdrawal Blackmail and Login Blocks Exposed

Urgent warning: SOOLIKE broker is aggressively freezing client funds and deleting profitable accounts under the guise of 'violation' checks. Our investigation confirms a coercive pattern where users are forced to sign non-complaint agreements just to recover their own principal, signaling a critical risk to all capital.

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Wiki Q&A

Is SOOLIKE a scam or a legit trading platform?

SOOLIKE CAPITAL MARKETS is a legitimate forex broker, formally regulated by South Africa's Financial Sector Conduct Authority (FSCA) under license number 53244. It has been in operation for 2-5 years.

04-02
United States

Is SOOLIKE regulated?

Yes, SOOLIKE is a regulated broker. It holds a Derivatives Trading License (EP) from the Financial Sector Conduct Authority (FSCA) in South Africa, with the regulation number 53244. This places it under the formal oversight of a recognized financial regulator.

04-02
United States

Where is SOOLIKE registered?

SOOLIKE CAPITAL MARKETS is registered and operates out of South Africa, where it holds its primary regulatory license from the Financial Sector Conduct Authority (FSCA).

04-02
United States

What is the minimum deposit for SOOLIKE?

SOOLIKE offers a tiered account structure with varying minimum deposits to suit different trader levels. The MICRO account is the most accessible, requiring a $100 minimum deposit. The STANDARD account requires $700, while the PREMIUM and ECN accounts are designed for more substantial capital, each demanding a $10,000 minimum deposit.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com